MOFS🚀 Breakout Alert: Motilal Oswal Financial Services Ltd (MOFS) 🚀
📈 Breakout from a wedge pattern on the daily chart!
✅ Currently trading at ₹1,010.55.
📊 Potential target: ₹1,213 (+19.4%).
🕒 Volume showing consistent support, and RSI trending positively! Momentum is strong, with ₹1,064 as the immediate resistance to watch. Enter after confirmation..
Disclaimer: I am not a SEBI-registered analyst. Views are personal and for educational purposes only. Please consult your financial advisor for any investment decisions.
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Mofsl
Motilala Oswal Finance Flag BO and good volumeMotilal Oswal Finance currently hovering at 14.8 PE and ROCE of 20.7%. Qoq sales growth almost double and NP has grown to 2446cr from 935cr in 2023 and 1312cr in 2022. Seems to be on a very strong base and very good growth.
On charts stocks gave a BO at 1587 after Jan 2018 and retested it before quick gain from 1450 to 2650. After that price retraced to 1900 and now again showing flag BO which may take it to 3190/3548 in mid term. Stock will be ex bonus on 10th June with 3:1 ratio can be added on every dip.
The tgt can be adjusted according to the bonus ratio